The Paycheck Protection Program (PPP) provides loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors or self-employed individuals may qualify for these loans, according to Harvard Business School.
A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.
A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.
The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.
| Name of Borrower | Current Approved Amount |
|---|---|
| Chinaway Corporate Development, LLC | $363,555 |
| Aiken, Munson, & Jones I, PA | $243,600 |
| Home Elevators & Lift Products, LLC | $191,200 |
| Mcanderson's Twelve, Inc. | $158,892 |
| Riptide Builders, LLC | $154,200 |
| North Star Carolina Corporation | $148,748 |
| Sunset Properties, Inc. | $146,100 |
| Seaside United Methodist Church | $103,192 |
| Seaside Orthopaedic Clinic, PC | $94,400 |
| Southeastern Medical P. A. | $92,200 |
| Sunset Vacations, LLC | $85,200 |
| Fibber Mcgees, Inc. | $85,000 |
| Calabash Auto Parts, Inc. | $80,400 |
| Total Lawn Care Landscaping, LLC | $65,000 |
| Mavericks Java, LLC | $56,197 |
| The Sunset Group, Inc. | $56,100 |
| The Boat Landing, LLC | $55,000 |
| Bills Seafood, Inc. | $54,600 |
| Las Palmeras of Seaside, Inc. | $53,000 |
| Oddwaters, Inc. | $52,300 |
| DR a J Rakos PA, D.D.S. | $50,000 |
| LA Cucina Italiano, LLC | $47,900 |
| J&S Property Inspections | $47,140 |
| L&V Diagnostics, Inc. | $35,976 |
| Daves Outpost, Inc. | $34,800 |
| O'Hare Enterprises, LLC | $32,600 |
| Randy Pate Enterprises, Inc. | $27,113 |
| Rucker & Associates, Inc. | $25,744 |
| Sunset INN of Sunset Beach, LLC | $25,673 |
| JCC1, LLC | $25,345 |
| Red Tail Tree Service, LLC | $23,510 |
| Grissett Painting, LLC | $22,000 |
| Alan Thompson | $20,800 |
| SM Industries, LLC | $20,750 |
| R. D. Automotive II, LLC | $18,810 |
| Dave & Daisy Bagel Company, LLC | $17,432 |
| Compression Construction, Inc. | $16,948 |
| Data Supplies Source | $15,200 |
| Errikap, LLC | $14,645 |
| DDE Associates, Inc. | $14,405 |
| Quality Closet Solutions, LLC | $14,137 |
| Sunset Beach Trading Company, LLC | $13,253 |
| Ebmgroup | $12,500 |
| Oceanside Family Counseling and Resource | $11,616 |
| All Day, LLC | $11,600 |
| Vaught Landscaping | $11,090 |
| Riptide Builders Management, LLC | $10,800 |
| Lisa Autry | $10,000 |
| J. B. Mccrea Law, PLLC | $9,437 |
| RLJ Anesthesia PA | $8,919 |
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